Posts Tagged ‘fringe benefits tax’
FBT and cars: a perennial head scratcher
The provision of cars by employers to employees remains an issue that continues to create confusion for some business taxpayers. A not-uncommon situation is where the employer fails to identify that a car fringe benefit has been provided. This is typically found in family companies or trusts where a car bought by the business is…
Read MoreConsiderations if your employee wants to salary package.
Salary packaging is one way for an organisation to increase the take-home pay of its employees — and if done correctly, at no extra cost to the business but with a tax advantage to the employee. WHAT’S SALARY PACKAGING? Basically, an employee agrees with their employer to forego part of their future salary or wages…
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